Federal Energy Administration Act

Federal Energy Administration Act - Establishes the Federal Energy Administration to assure that the nation's energy needs are met for the foreseeable future. Directs the Administration to plan, direct, and conduct programs related to the production, conservation, use and allocation of all forms of energy.

Transfers to and vests in the Administrator all functions of the Secretary of the Interior, the Department of the Interior, and officers and components of that Department: (1) as relate to or are utilized by the Office of Petroleum Allocation; (2) as relate to or are utilized by the Office of Energy Conservation; (3) as relate to or are utilized by the Office of Energy Data and Analysis; and (4) as relate to or are utilized by the Office of Oil and Gas.

Transfers to and vests in the Administrator all functions of the Chairman of the Cost of Living Council, the Executive Director of the Cost of Living Council, and the Cost of Living Council, and officers and components as relate to or are utilized by the Energy Division of the Cost of Living Council.

Empowers the Administrator to promulgate such rules, regulations, and procedures as may be necessary to carry out the functions vested in him; and to perform such other activities as may be necessary for the effective fulfillment of his duties and functions.

Provides that final orders and actions of any official or component in the performance of functions transferred by this Act shall be subject to judicial review to the same extent and in the same manner as if such orders or actions had been made or taken by the officer, department, agency, or instrumentality in the performance of such functions immediately preceding the effective date of this Act.

States that nothing contained in this Act shall be construed to limit, curtail, abolish, or terminate any function of the President which he had immediately before the effective date of this Act.